The Forty-Niner Company Uses a Periodic System and Records Its

question 75

Essay

The Forty-Niner Company uses a periodic system and records its transactions and other events in four special journals and a general journal.The money columns of these journals are numbered as follows: Show how each of the following transactions would be recorded in the above set of accounting journals by inserting the number(s)of the columns in which the debit(s)would appear in the column labeled "Debits" below and by inserting the number(s)of the columns in which the credits would appear in the column labeled "Credits" below.

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